For Each of the Following Hypothesis Tests, State for What

question 39

Essay

For each of the following hypothesis tests, state for what values of χ² we would reject Ho.
a. Ho: σ₁² = 10
HA: σ₁² ≠ 10
α = 0.10 and n = 50
b. Ho: σ₁² = 4
HA: σ₁² > 4
α = 0.05 and n = 30
c. Ho: σ₁² = 0.50
HA: σ₁² < 0.50
α = 0.01 and n = 45

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Definitions:

Backward Sloping

Describes a demand curve that defies the usual law of demand, showing less quantity purchased as the price decreases.

Labor-supply Curve

A visual chart that displays the connection between the amount of work provided by employees and the rate of pay.

Labor

The physical and mental exertion of humans utilized in creating goods and services.

Leisure

Free time when one is not working or attending to other duties.